Americana Partners, an independent wealth management firm with over $8.5 billion in assets under management, is looking forward to another growth phase fuelled by a landmark private equity deal.
The majority investment from Lovell Minnick Partners, a PE firm specializing in high-growth middle-market services and technology companies, marks the first institutional investment in Americana, with the firm’s founders and management team retaining significant ownership and control.
Founded in 2019 and headquartered in Houston, Americana provides wealth advisory and family office services to high-net-worth and ultra-high-net-worth clients across the US, including a recently launched division dedicated to serving clients in Latin America. Since its inception, the firm has experienced rapid growth, starting with $2.6 billion in assets under management and celebrating its fifth anniversary earlier this year.
Jason Fertitta, CEO of Americana Partners, highlighted the partnership as a pivotal moment for the firm.
“This is an important milestone for our firm, and it underscores our commitment to building the right destination for our clients and financial advisors. We chose to work with LMP because of their extensive track record in accelerating growth for successful wealth management organizations,” he said in a statement.
Philadelphia-based Lovell Minnick has a strong presence in the asset and wealth management sector. Since 2019, the firm has been an investor in $162 billion ultra-high-net-worth-focused RIA Pathstone – which turned heads earlier this month with a blockbuster deal to acquire Hall Capital – and also holds stakes in asset managers Matthews Asia and Tortoise Capital.
“Our investments are partnerships, and we are aligned with the Americana team’s high-growth strategic vision. We look forward to working together to expand geographically, attract the highest quality financial advisors, and execute on strategic initiatives,” said Trevor Rich, partner at Lovell Minnick Partners.
Brad Armstrong, another partner at Lovell Minnick, emphasized Americana’s exceptional growth. “The Americana organization has distinguished itself, not just in the exceptional growth they’ve experienced since their founding in 2019, but in the high caliber of people they’ve brought on board,” Armstrong added.
Offering financial planning and investment management services through offices in Houston, Austin, Dallas, and Midland, Americana Partners remains part of the giant Dynasty Financial Partners network, which is poised for more expansion following an early-October funding round that featured the likes of BlackRock, Charles Schwab, and JPMorgan Asset Management.
Chicago-based Mesirow Fiduciary Solutions adds flexPATH's plan-level outsourced fiduciary book, boosting its retirement market reach to $164 billion.
Also, Raymond James's employee advisor channel adds breakaways from Wells Fargo and Stifel, while UBS welcomes an ex-Morgan Stanley duo in Indiana.
It promised guaranteed principal and 10% monthly returns. The SEC says it invested nothing.
Ten years after entering the fee-based annuity market, MassMutual Ascend says nearly half its lifetime sales came in the past two years alone – but barriers remain among fee-only advisors.
Amplify, WealthReach, Zeplyn and Zocks have unveiled partnerships aimed at automating portfolio management, content creation, account opening, and client communication.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
